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Living, Testamentary, Revocable And Irrevocable Trusts

Trusts come in all sorts of shapes, sizes and kinds and have a myriad uses and purposes.

The best analogy to use is that they are custom-made suits that are tailored to meet an individual’s needs, desires and personal circumstances. They can be valuable and useful planning tools that are not to be summarily dismissed or ignored. There purposes can be severally restricted or alternatively broad and extensive as in a trustee being able to decide in its sole discretion what is necessary for another person’s care, comfort, support, maintenance, health, education and well-being.